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Women Are 5.1% of Japan Big-Firm Execs: Jiji Survey (News)

Tokyo (Jiji Press)—The share of women among major Japanese companies' executives has risen to 5.1%, though the level is still very low by international standards, a Jiji Press survey revealed on July 26. Of the total 7,659 board members and other executives at 500 surveyed companies listed on the Tokyo Stock Exchange's first section, 392 were women. Their share increased 0.5 percentage point fr…

Takata Decides to File for Bankruptcy Protection (News)

Tokyo, June 26 (Jiji Press)—Troubled airbag maker Takata Corp. decided on Monday to file with Tokyo District Court for bankruptcy protection under Japan's civil rehabilitation law, informed sources said. Battered by a massive global recall, Takata's liabilities are seen finally exceeding ¥1 trillion, the largest amount for any failed manufacturer in Japan since the end of World War II. The f…

A Life in Music: An Interview with Composer and Producer Murai KunihikoMatsuki Naoya (Interviewer)

Composer, producer, and founder of Alfa Records Murai Kunihiko played a leading role in laying the foundations for J-pop in the 1970s. This included bringing the band Yellow Magic Orchestra to a global audience. In this interview, he shares his musical journey.

Parcel Overload: Japan’s Delivery Crisis and How to Tackle ItOgawa Kōsuke

The online commerce boom has brought crisis to Japan’s delivery companies, which cannot handle the increased volume. Drivers are working unreasonable hours and the industry is struggling to simply deliver parcels. Looking overseas and to other sectors in the service industry provides some hints for tackling these issues.

Survey Finds Japanese Firms’ Net Profits Up 21% in Fiscal 2016 (News)

Tokyo, May 13 (Jiji Press)—Combined group net profits at major Japanese nonfinancial companies soared 21.1% in fiscal 2016 (April 2016–March 2017), a Jiji Press tally showed Saturday. The survey covered 1,117 nonfinancial companies listed on the Tokyo Stock Exchange's first section that have already released their earnings reports. Of them, 387 firms logged record profits. The strong results…

Toshiba Reports Results Without Auditor Approval (News)

Tokyo, April 11 (Jiji Press)—Toshiba Corp. finally reported its April–December 2016 results on Tuesday after postponing the release twice due to a probe on internal control issues. The report lacked its auditing firm's approval, however, placing the struggling Japanese electronics and machinery company at a greater risk of stock delisting. Toshiba failed to obtain approval for the earnings repo…

Yamato Transport Fiscal 2016 Delivery Volume Hits Record High (News)

Tokyo, April 6 (Jiji Press)—Japan's Yamato Transport Co. said Thursday its parcel delivery volume hit a record high for the second straight year in fiscal 2016 amid the rapid spread of online shopping. The volume for the year ending in March totaled more than 1.87 billion parcels, up 7.9% from the previous year. Yamato has seen personnel shortages in recent years, with drivers forced to work…

Japanese Firms Aiming to Spark European “Toilet Revolution” (News)

Frankfurt, March 24 (Jiji Press)—Japanese companies are boosting efforts in Europe to expand the use of high-tech toilet seats equipped with warm-water shower units that are popular in Japan. Toilet makers Toto and Lixil aim to revolutionize how Europeans use the lavatory by increasing the diffusion rate of such seats, which sits below 1% in Europe, compared to roughly 80% in Japan. Kitamura…

Toshiba to Cut Off Troubled US Unit for Survival (News)

Tokyo, March 14 (Jiji Press)—Toshiba showed its intention Tuesday to remove troubled US subsidiary Westinghouse Electric from its consolidated accounting as part of its ongoing struggle to survive a severe management crisis. Toshiba has been embroiled in an accounting scandal after inappropriate bookkeeping practices came to light in 2015. A Chapter 11 bankruptcy filing by the US nuclear plant …

Job-Hunting Season Kicks Off in Japan (News)

Tokyo, March 1 (Jiji Press)—University and other students in Japan who are due to graduate in spring 2018 kicked off job-hunting activities on Wednesday, when companies were allowed to start offering seminars to provide information about them, including their business operations, for the upcoming graduates. The job-hunting season is expected to last effectively for only some three months, with …

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